United Prevails at JFK

Shields, Yvette
February 2005
Bond Buyer;2/24/2005, Vol. 351 Issue 32077, p1
Trade Publication
The article reports that the U.S. District Court has upheld a bankruptcy court's decision that United Airlines Inc. is not required to repay its $34 million of special facilities revenue bonds issued for projects at New York City's John F. Kennedy (JFK) Airport in order to continue operating at the airport. The JFK decision is the only one in which United Airlines Inc. has prevailed in its argument that during bankruptcy proceedings it doesn't have to repay the special facilities bonds in order to remain in good standing as a tenant of the airports JFK, Denver International, Los Angeles International, and San Francisco International.


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